Important upcoming events and publications for November, 14 (GMT):
09:30 U.K. Inflation data can seriously affect the position of currency pairs with GBP. Most attention should be paid to the Consumer Price Index dynamics. Weak data is able to put the Pound under the pressure, raising doubts that the Bank of England will soon tighten the policy tone.
10:00 EU Industrial production is a hardly strong market mover. However, the weak EUR positions will increase the sensitivity to the news. Weaker than expected data could return the pressure on the euro.
13:30 The US Consumer inflation can have a serious impact on the USD quotes, in case of the deviations from the forecasts. The consensus is to keep the inflation at 2.2% y/y. The US dollar acceleration is likely to be favorable.
See the detailed Economic calendar here
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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